Should I cash out my BTC now?

[landslide]

I'd hold bitcoin for longer term. It's still at its initial phase, many more adoption will happen which will boost the price even more

[Kanapka]

Cash out today.

Have regrets and suicide thoughts because you could be a millionaire.

Join the losers team of tomorrow, cash out your Bitcoins today

[richminded]

If you really in need of money why not ? after all when you make profit with bitcoin its really fine because profit is profit. but i suggest if you cash out now, do invest on bitcoin again if you have your money available already, because bitcoin is really good in the future.

[CARrency]

I'd hold bitcoin for longer term. It's still at its initial phase, many more adoption will happen which will boost the price even more

Everyone will do the same, but the thing is, more people are being impatient because they are riding the price of bitcoin and as we know, it is a fast and bumpy ride. I think for now it is good to track the price and be active with some news because there are still some news that will be affecting bitcoin's price again.

[msarro]

Cash out today.

Have regrets and suicide thoughts because you could be a millionaire.

Join the losers team of tomorrow, cash out your Bitcoins today

There is nothing to feel like losers if you sell your bitcoins today as if you are making good profits then nothing wrong in selling your bitcoins and once you make profits you are a  winner and not a looser as holding too long can give you negative profits as price can go down in future.

[totaleclipseofthebank]

I'd hold bitcoin for longer term. It's still at its initial phase, many more adoption will happen which will boost the price even more

I agree with you. However, there are many people really really see Bitcoin as their main job. Therefore, Bitcoin is their tool of making money for living. That's why they have to convert Bitcoin into fiat and pay the cost of living, raise their child, fix their house,...

[rundmc214]

can someone kindly tell me the best way to convert btc to usd. I've used, coinbase, localbitcoin, and also just recieved a shift debit card. But I would really truely appreciate some honest advice on the subject. Thanks fellow crypto-traders

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[Blitzboy]

it depends on your decision. However, I suggest that you should not, unless you really really need money to run your business or raise your family. There is no point selling our bitcoin at the moment. THe price is high and there is sign showing that bitcoin will continue to rise in the future.

[AjithBtc]

I'd hold bitcoin for longer term. It's still at its initial phase, many more adoption will happen which will boost the price even more

I agree with you. However, there are many people really really see Bitcoin as their main job. Therefore, Bitcoin is their tool of making money for living. That's why they have to convert Bitcoin into fiat and pay the cost of living, raise their child, fix their house,...

More people consider it similar to the day job and tries making money for their entire living needs. This is not the right way of using bitcoin and digital currencies. As anything could happen in no time and if something out of expectation takes place it will affect the living. So keeping it an added source for living makes people growing good with bitcoin.

[R3ffun]

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?

ussually i waiting to increas high price of cryptocurrency but if i needs money, i sell my bitcoin own
i think this is not a the big deal because i can earn bitcoin again

[marcbitcoins]

Bitcoin is proving its strong development, possibly in the future bitcoin will increase many times its present value. I advise you not to sell bitcoin at this time

Yes in my observation the bitcoin still going strong even after the Aug 1so it is really recommended to not to sell. Just monitor it overtime i think 1 month observation of the trend will decide if btc is strong or declining. Still today it shows average continue climbing to the top. Maybe sell it for your emergency use

[smyslov]

If you had your payment in BTC, would you cash out your money or you would wait increasing of cryptocurrency?

It depends on the situation, right now price is surging so I would not cash out since I have a job and don't need that money I prefer to hold all my coins especially bitcoin I will just sell it, if I have an emergency then that is the time that I will sell my coin.

[johnnyyash]

It totally depends on yourself.
I invest all my bitcoins in trading and investing them on yobit. I get a good profit there. I find investing them instead of cashoing them out. The use of your bitcoins totally depends on you. You can do trading with them or start investing them. I would prefer you to start trading with some good knowledge and skills with your bitcoins for some good profit.

i secondly agree with you...your bitcoin can be traded and make more btc, instead of cashingout....cause when traded with or invest with you make more btc which is profit...

[Singbatak]

If you dont need that money I think saved it until the price become increase 10,000$$ and acurued at least 1 BTC .  I know IRS hard to hold because there are time Bitcoin increased the decreased .

[rizkyhiw]

Bitcoin is proving its strong development, possibly in the future bitcoin will increase many times its present value. I advise you not to sell bitcoin at this time

Yes in my observation the bitcoin still going strong even after the Aug 1so it is really recommended to not to sell. Just monitor it overtime i think 1 month observation of the trend will decide if btc is strong or declining. Still today it shows average continue climbing to the top. Maybe sell it for your emergency use

Everyone seems predicting bitcoin will keep growing ,
So do i , the potential still a lot especially when people start adopting bitcoin ,
Bitcoin is a real future investment as long as you can see it forward ,
I mean just put your money in bitcoin for 10 or 20 years!

[cyclotronmajesty]

I don't think cashing out bitcoins now is a right thing to do unless if you are in need of money and saving it for future can yield you best results when the price of bitcoins will go higher in future so its better to hold your bitcoins and wait for the right price to cash out.

[Schuyler]

If something gives you more than 50% return on investment on a yearly basis, I think it would not be a wise decision to cash out at this stage. Bitcoin can yield more than that year in and year out so pulling out now while there’s still a potential for an even higher price wouldn’t make much sense, that is unless you are contented with what you’ve earned and/or looking for other investments that can give higher returns.

[Jmmerquita]

it depends on you, if you want to cash out your bitcoin. It depends on your basic needs and future plans for your investment.

[bitcoinVPSD]

If you are really in need now you can sell a few bitcoin .. if there are any other solutions you do not sell bitcoin in a hurry. Because everyone wants to earn a lot of bitcoin waiting for it to price high and sell it. So now is not the time to sell it. If you invest in them will bring profit

[Minecache]

So did the OP cash out his chips before Aug 1st?